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Shoulder Innovations, Inc.. (SI) Fundamental Analysis & AI Grade 2026

SI NYSE Surgical & Medical Instruments & Apparatus DE CIK: 0001699350
Updated This Month • Analysis: May 15, 2026 • SEC Data: 2026-03-31
Combined AI Grade
B
65% Confidence
N/A
B
65% Conf
Pending
Analysis scheduled

📊 SI Key Takeaways

Revenue: $16.7M
Net Margin: -50.1%
Free Cash Flow: $-15.1M
Current Ratio: 11.81x
Debt/Equity: 0.11x
EPS: $-0.41
AI Grade: B with 65% confidence
Shoulder Innovations, Inc.. (SI) receives a B fundamental grade with 65% confidence from our AI analysis based on SEC 10-K filings. With revenue of $16.7M, net profit margin of -50.1%, and return on equity (ROE) of -6.3%, Shoulder Innovations, Inc.. demonstrates mixed fundamentals in the Healthcare sector. Below is our complete SI stock analysis for 2026.

Is Shoulder Innovations, Inc.. (SI) a Good Investment?

Claude

Strong revenue growth (49.6% YoY) and exceptional gross margins (77.7%) indicate product-market fit in a surgical instruments niche, but substantial operating losses (-53.7% margin) and negative operating cash flow (-12.4M) with only 11.5M cash create significant execution risk. Company must reach profitability before capital runway exhaustion.

Shoulder Innovations, Inc.. Key Strengths (SI)

Claude
  • + Strong revenue growth of 49.6% YoY demonstrates robust market demand
  • + Exceptional gross margins of 77.7% indicate competitive product pricing power and efficient manufacturing
  • + Healthy balance sheet with low leverage (0.11x Debt/Equity) and excellent liquidity (11.81x current ratio)

SI Stock Risks: Shoulder Innovations, Inc.. Investment Risks

Claude
  • ! Negative operating cash flow (-12.4M) and limited cash runway of ~1 year at current burn rate
  • ! Operating losses of -53.7% margin despite strong revenue growth indicates unsustainable unit economics
  • ! May require dilutive capital raise to fund continued operations, pressuring shareholder value

Key Metrics to Watch

Claude
  • * Operating cash flow trend and progress toward positive FCF generation
  • * Operating expense ratio reduction and path to break-even profitability
  • * Revenue growth sustainability and gross margin consistency under scaling

Shoulder Innovations, Inc.. (SI) Financial Metrics & Key Ratios

Revenue
$16.7M
Net Income
$-8.4M
EPS (Diluted)
$-0.41
Free Cash Flow
$-15.1M
Total Assets
$160.4M
Cash Position
$11.5M

💡 AI Analyst Insight

Strong liquidity with a 11.81x current ratio provides a solid financial cushion.

SI Profit Margin, ROE & Profitability Analysis

Gross Margin 77.7%
Operating Margin -53.7%
Net Margin -50.1%
ROE -6.3%
ROA -5.2%
FCF Margin -90.3%

SI vs Healthcare Sector: How Shoulder Innovations, Inc.. Compares

How Shoulder Innovations, Inc.. compares to Healthcare sector averages

Net Margin
SI -50.1%
vs
Sector Avg 12.0%
SI Sector
ROE
SI -6.3%
vs
Sector Avg 15.0%
SI Sector
Current Ratio
SI 11.8x
vs
Sector Avg 2.0x
SI Sector
Debt/Equity
SI 0.1x
vs
Sector Avg 0.6x
SI Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Shoulder Innovations, Inc.. Stock Overvalued? SI Valuation Analysis 2026

Based on fundamental analysis, Shoulder Innovations, Inc.. has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
-6.3%
Sector avg: 15%
Net Profit Margin
-50.1%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.11x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Shoulder Innovations, Inc.. Balance Sheet: SI Debt, Cash & Liquidity

Current Ratio
11.81x
Quick Ratio
10.04x
Debt/Equity
0.11x
Debt/Assets
17.1%
Interest Coverage
N/A
Long-term Debt
$15.0M

SI Revenue & Earnings Growth: 5-Year Financial Trend

SI 5-year financial data: Year 2025: Revenue $47.3M, Net Income -$15.6M, EPS $-242.04.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Shoulder Innovations, Inc..'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-242.04 indicates the company is currently unprofitable.

SI Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-90.3%
Free cash flow / Revenue

SI Quarterly Earnings & Performance

Quarterly financial performance data for Shoulder Innovations, Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $10.1M -$4.7M $-0.41
Q3 2025 $7.5M -$3.6M $-0.64
Q2 2025 $8.3M -$3.6M $-72.74

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Shoulder Innovations, Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$12.4M
Cash generated from operations
Capital Expenditures
$2.7M
Investment in assets
Dividends
None
No dividend program

SI SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Shoulder Innovations, Inc.. (CIK: 0001699350)

📋 Recent SEC Filings

Date Form Document Action
May 13, 2026 10-Q si-20260331.htm View →
May 13, 2026 8-K si-20260513.htm View →
Apr 30, 2026 4 xslF345X06/wk-form4_1777581232.xml View →
Apr 29, 2026 DEF 14A si-20260428.htm View →
Apr 27, 2026 8-K si-20260427.htm View →

Frequently Asked Questions about SI

What is the AI rating for SI?

Shoulder Innovations, Inc.. (SI) has an AI grade of B with 65% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SI's key strengths?

Claude: Strong revenue growth of 49.6% YoY demonstrates robust market demand. Exceptional gross margins of 77.7% indicate competitive product pricing power and efficient manufacturing.

What are the risks of investing in SI?

Claude: Negative operating cash flow (-12.4M) and limited cash runway of ~1 year at current burn rate. Operating losses of -53.7% margin despite strong revenue growth indicates unsustainable unit economics.

What is SI's revenue and growth?

Shoulder Innovations, Inc.. reported revenue of $16.7M.

Does SI pay dividends?

Shoulder Innovations, Inc.. does not currently pay dividends.

Where can I find SI SEC filings?

Official SEC filings for Shoulder Innovations, Inc.. (CIK: 0001699350) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SI's EPS?

Shoulder Innovations, Inc.. has a diluted EPS of $-0.41.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is SI's fundamental grade?

Based on our AI fundamental analysis in May 2026, Shoulder Innovations, Inc.. has a B grade with 65% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is SI stock overvalued or undervalued?

Valuation metrics for SI: ROE of -6.3% (sector avg: 15%), net margin of -50.1% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is SI's AI grade for 2026?

Our dual AI analysis gives Shoulder Innovations, Inc.. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is SI's free cash flow?

Shoulder Innovations, Inc..'s operating cash flow is $-12.4M, with capital expenditures of $2.7M. FCF margin is -90.3%.

How does SI compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -50.1% (avg: 12%), ROE -6.3% (avg: 15%), current ratio 11.81 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 15, 2026 | Data as of: 2026-03-31 | Powered by Claude AI